MetroPCS shareholders approve T-Mobile deal

MetroPCS shareholders have finally approved the T-Mobile takeover bid and this was the last of the steps needed before the deal gets finalized. The decision comes after T-Mobile owner sweetened the deal by reducing loan and cutting interest rate.

By acquiring MetroPCS, T-Mobile will be able to add the 9 million MetroPCS customers to its base as well as get a very important spectrum chunk.

All 12 suggested measures were approved in a meeting today, and Paulson, the largest MetroPCS stakeholder, owned by billionaire John Paulson, has also agreed. The T-Mobile/MetroPCS merger has already gone through the regulatory approval process, so there are no other legal hurdles.

When the deal closes, Deutsche Telekom will have a 74% stake in the new company and MetroPCS shareholders will get a $1.5 billion cash payment.

Still remind the 4th, but great things are happening with T-Mobile lately. LTE, iPhone, un-carrier plan with very competitive rate and the spectrums from metro. Wait, T-mobile might also be the first carrier to move on to LTE advanced since all equipments are new and ready to move on to the next level. Good job for the company and great for consumers because we will all be beneficial in the future(competitions)

With Verizon poised to finish it's LTE network this year and likely start on LTE Advanced next year, it will be hard to do especially given Big Red's current rate of network buildout. Also, no OEMs are producing any LTE Advanced phones currently, making utilization of said network not likely until around the time Big Red will be building theirs out.

That said, nothing is impossible. Maybe they can do it, and if so, it just might be the kick in the arse the mobile industry in the US needs. Only time will tell.

I think this is great. Hopefully by year end, I'll be enjoying a 20x20MHz block of LTE with a dual-band HSPA+42 backhaul. Who else will be able to say that they have 4G backing up their 4G? I can't wait.

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